News

The Canadian government has suspended all rebate payments to Tesla and excluded the company from future electric vehicle (EV) rebate programs in response to US tariffs imposed on Canadian aluminum and steel. This decision comes after concerns over CEO Elon Musk's stance on Canada and suspicions of Tesla misusing the rebate program.

Nvidia CEO Jensen Huang acknowledges Huawei's growing dominance in AI, particularly its ability to manufacture high-performance chips, despite US restrictions. Huawei's Ascend processors challenge Nvidia's leadership in AI training, with the Chinese government's support further bolstering its market share.

Rumble Inc. (RUM) surpassed revenue expectations in the fourth quarter, setting a new record and announcing the "Rumble Wallet" for its creator community in partnership with Tether. This collaboration aims to position Rumble as a leading media platform within the cryptocurrency community and accelerate its international expansion.

Cintas Corporation is poised for a strong third-quarter performance, with analysts anticipating earnings of $1.06 per share, surpassing both last year's results and market expectations. However, the company recently terminated discussions regarding its proposed acquisition of UniFirst, leaving investors to ponder the future direction of its growth strategy.

Marti Technologies Inc. extended its share repurchase program, allowing for the buyback of up to $2.5 million worth of Class A shares until October 2025. Despite the extension and increased repurchase price, the company's stock fell on Tuesday, likely due to investor concerns about capital allocation.